The average station makes a profit of $60 at the pump per day, says Jeff Lenard, a spokesman for the National Association of Convenience Stores. “It’s not uncommon to lose money selling gas. So the idea of losing $20 or $50 [in charge backs] is too much.”
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Stations “are faced with two bad options — allow the pump to go beyond $75 and risk not getting paid . . . or take a customer from frustrated [with gas prices] to outright anger,” Lenard said.